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Operators' intentions read by Dr. S. Sivaraman, of i-knowindices.com

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Trend setting week

Posted on December 8, 2008 at 5:04 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

EURO and GBP corrected initially after NFP data release in the name of ‘ risk aversion’ and later firmed up towards close of US session probably some had ‘ risk appetite’. This week onwards more ‘ risk appetite ‘ is expected till close of the year.

Today after initial firming up move during start of Japanese session,EURO and GBP are expected to slide towards close of the session and firm up during early and mid European session.Then late European and early US session they are expected to swing and slide and then firm up again towards close of US session.That will set the trend for this week.

I will give more updates as I find specific moves in the market.

Regards

Dr.Sivaraman

6 Responses to “Trend setting week”

on 08 Dec 2008 at 5:19 am1sean

Dear Doc,

You said you expect the trend to set in now, but my understanding is we have been in one , all down, are you trying to say we are expected to now range weekly 500-800
floor and ceiling and the Trend you are talking about is that it will Trend UP more on a Intraday basis then what it has been.
on 08 Dec 2008 at 5:21 am2sean

dear Doc,

I’m with you today on your call, their is a good position for the big holders of longs to keep pump and take profit today.
on 08 Dec 2008 at 9:43 am3Dr. S. Sivaraman

Dear Sean
The moves indicate that they want to swing and rise more.
Regards
Dr.Sivaraman
on 08 Dec 2008 at 10:43 am4sean

Dear Doc,

watch out for profit taking doc, we are still in bad times
on 08 Dec 2008 at 11:34 am5Dr. S. Sivaraman

Dear Sean
Please view my today’s post.They are expected to drop after the rise from mid European session and then rise again during US session.Every time they rise and book profit and hit the stops of higher level buyers and then rise,we know they are after stops either way.
Regards
Dr.Sivaraman
on 08 Dec 2008 at 10:26 pm6sean

Now I understanding you better

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